Bitcoin dominance climbed to 61% on Wednesday, its highest level since November 2025. The metric rose from 58.44% in early April, proving that the uptrend continues to favor BTC over the broader crypto market.
Over the past two months, altcoin volumes on Binance have also increased by 49%, while 12.6% of altcoins on Binance have reclaimed their 200-day simple moving average (SMA).
Bitcoin dominance, one-week chart. Source: Cointelegraph/TradingView
Altcoins show first signs of recovery
Crypto Analyst Darkfost Said Bitcoin won 36% since its February 6 low at $60,000, helping to increase its dominance to 61.3%.
While altcoins have spent much of this period under pressure, TOTAL3, which tracks the market capitalization of cryptocurrencies excluding Bitcoin and Ether, rose 17% to a two-month high of $765 billion. The pace of recovery of altcoins is lagging behind BTC, but several indicators have started to improve.
TOTAL3, one-week chart. Source: Cointelegraph/TradingView
Data from CryptoQuant showed that trading activity in the altcoin market was slowly increasing. Their volume share on Binance jumped to 49% on Wednesday, up from 31% in March, when measured against combined BTC and ETH futures trading volumes. This rise indicates growing participation outside of Bitcoin and Ether after several months of capital concentration in the two largest crypto assets.
Darkfost added that the change still appears moderate and is far from the aggressive rotation phases seen during the altcoin’s previous rally in 2024.
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Altcoin dominance in volume. Source: CryptoQuant
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Trading volume trends indicate rotation
CW8900 Market Analyst sharp to growing activity on centralized exchanges (CEX) as another sign of improving participation beyond Bitcoin. According to the analyst, the trading volume of altcoins, excluding the five largest cryptocurrencies, has increased steadily over the past few weeks.
CEX volume ratio compared to the Top 5 cryptocurrencies. Source: CryptoQuant
The 90-day AltSeason Index also climbed to 28.6, its fastest recovery in months. The index indicates whether the majority of altcoins outperform Bitcoin over a given period. Readings above 75 are associated with stronger altcoin cycles. However, CW8900 added:
“The indicator also shows that there was no real AltSeason in this cycle. The period when the AltSeason index reached its highest point was in early 2024, and even that value was relatively low compared to previous AltSeasons.”
CryptoQuant Data also showed improvements in the altcoin market after months of strong underperformance against Bitcoin. The average altcoin is now trading 23.47% below its 200-day simple moving average, down from 44.4% earlier in the cycle. Similar figures had already appeared towards the end of advanced bear markets in 2022.
Altcoin performance, on average, relative to the 200-day SMA. Source: CryptoQuant
